Replies (19)

Those jobs don't exist overseas either, right? If the factory can be automated, it will be. The win is potential tax revenue, less IP theft, and less national security risk, no?
Hoshi's avatar
Hoshi 1 year ago
and as a bonus you can sell it for years to voters as creating jobs
Jobs do exist overseas, because labor is cheaper overseas. The more expensive labor is, the stronger the economic incentive to automate it.
In the short term, reshoring manufacturing will create jobs. However, higher labor costs in the United States increases the economic pressure to automate as much as possible. In the long term, there will not be nearly so many manufacturing jobs. The technology for automating entire manufacturing lines is already here. These are not humanoid robots or anything that’s still in R&D. Manufacturing automation robotics are impressively simple and utilitarian (though I do understand the complexity and work involved with engineering and building these machines) and have been around for decades. One step further, automation seems to be the plan. An automation and manufacturing engineering firm in the city where I live is already in the early stages of negotiating contracts for engineering automated manufacturing lines (reshoring manufacturing already creating engineering jobs!) many of these facilities are intended to be built in remote areas where the land and energy are cheap, and with short supply lines to raw materials, if possible. Basically, a common plan seems to be to build automated facilities where it’s cheapest, because access to labor isn’t a big deal. A small town will have enough people. Long story short, right now China is taking our manufacturing jerbs. In some years, automation will be taking our jerbs.
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D 1 year ago
The reality is there aren't enough jobs, the job market is filled with scams, and unemployment is grossly miscalculated it's in reality probably somewhere around 20-25%. We will need universal basic income soon.
If Trump REALLY wants to bring jobs, sort of, back to America, he would commission about 1000 or more nuclear/geothermal power plants, because energy is and will become the fundamental limitation/support to human flourishing and prosperity, from a physics and economics and technological perspective. Bitcoin and AI and meaning in decentralized pockets of society and governance while couples raise large families, is the future.
Yes, so instead of 500 medium skilled manual labor jobs we get 50 higher skilled and higher paying automation jobs. There are tons of Americans who don't want white collar jobs. IMO for those currently underemployed or unemployed Americans having access to employment like this is great. Not really a fan of using tarrifs to get it, would rather use deregulation but in a world where countries like china subsidize industry I don't find it unreasonable to engage in protectionism back.
Bryan's avatar
Bryan 1 year ago
In a bitcoinized world, this is the end state anyways, right?